Published On: May 2019

Report ID:385951

Pages: N/A

Global tantalum sputtering target market is expected to reach USD XX.XX Million by 2025, at a CAGR of X.XX% from 2018 to 2025. Growing demand from the applications such as manufacturing super alloys, electron-beam melting, integrated circuits and thin film transistor liquid crystal display are driving the global tantalum sputtering target market.

Market Overview:

Tantalum (Ta) is a dark blue-gray metal that is very heavy, ductile and hard and has high corrosion resistance. Tantalum is especially resistant to chemicals at temperatures below 150 °C and can only be dissolved in the hydrofluoric acid. It has the fourth highest melting point of all metals and exhibits the property for forming an extremely thin and protective oxide layer for high-quality capacitors, making it an excellent material for sputtering target. Tantalum sputtering is especially used in the manufacturing of electronic devices such as smartphones, LCD displays etc. Thus increasing adoption of smartphones, specifically in developing countries, is expected to have a positive impact on market growth. Moreover, rising adoption of technology, automation, and digital data, is expected to drive the product demand.

Report Description:

The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The global tantalum sputtering target market is analysed on the basis of value (USD Million), volume (Thousand Units), consumption (Thousand Units), imports (Thousand Units) and exports (Thousand Units).

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.

Porter’s Five Forces model is used in order to recognize the competitive scenario in the global tantalum sputtering target market. This report incorporates the industry analysis which is focused on providing an extensive view of the tantalum sputtering target market.

The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.

The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

Rising demand for the LCD displays

Growth of the electronic devices manufacturing industry

Restrains:

Volatility in the price of tantalum

Opportunities:

Use of tantalum as a substitute for platinum

Increasing investment on the research and development activities

Growing demand for the tantalum coated industrial glass

Challenges:

Restrictions on the mining of tantalum

Global Tantalum Sputtering TargetMarket Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global tantalum sputtering target market has been segmented on the basis of type and application.

The type segment is divided into low purity, high purity, and ultra-high purity tantalum sputtering targets. The ultra-high purity tantalum sputtering target emerged as the leading segment with a 42.81% share of market revenue in 2017. This increased market share can be attributed to the wide-ranging use of ultra-high purity tantalum sputtering target in the coating for solar energy cells, integrated circuits, and semiconductor for the electronics industry.

Application is segmented into semiconductors, solar cells, LCD displays, others. Semiconductors segment is anticipated to grow at an accelerated CAGR of X.XX% over the forecast period. The tantalum sputtering forms a very thin coating on the surface of semiconductors providing protection against the corrosion, chemicals and high temperatures. Thus, the global rise in demand for the electronic devices and increasing automation are projected to drive the semiconductor application segment.

Due to the rapid growth of electronics manufacturing industry, rising demand for the personal electronic devices, as well as the growing emphasis on the solar energy, are the factors that led Asia Pacific region to dominate the global tantalum sputtering target market in 2017.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific region emerged as the largest market for the tantalum sputtering target with a 39.58% share of market revenue in 2017.

Due to the rapid growth of electronics manufacturing industry, rising demand for the personal electronic devices, as well as the growing emphasis on the solar energy, are the factors that led Asia Pacific region to dominate the global tantalum sputtering target market in 2017.

North America region also accounted for a considerable market share in 2017, on account of its well-established electronics manufacturing sector.

Global Tantalum Sputtering TargetMarket Competitive Analysis:

Key players in the global tantalum sputtering target market are Jx Nippon, Tosoh, Honeywell Electronic Materials, Kfmi, Praxair, Cxmet, Plansee, Ulval, Kjlc, China New Metal Materials, Advanced Metallurgical Group, Cabot Corporation, Alliance Mineral Assets Limited, China Minmetals Corporation, Tantalex Resources Corp, Stanford Advanced Materials, Kurt J. Lesker Company, H.C. Starck, and among others. Most of global tantalum sources are located in the conflict zones such as DR Congo. In order to regularize the sourcing of mineral, European parliament voted on a regulation in 2017. The regulation asks European companies to take responsibility in regards to sourcing of the mineral from high-conflict zones like DR Congo. For instance H.C. Starck, one of the world’s leading manufacturers of technology metals and advanced ceramics, in 2017 announced that it has once again received certification for processing of “conflict-free” tantalum raw materials – the sixth year in a row the company has done so.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global tantalum sputtering target market on the basis of below mentioned segments:

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